M&A Deal Summary

Apax Acquires Lutech

On March 16, 2021, private equity firm Apax acquired information technology company Lutech from One Equity Partners

Acquisition Highlights
  • This is Apax’s 24th transaction in the Information Technology sector.
  • This is Apax’s 7th transaction in Italy.

M&A Deal Summary
Date 2021-03-16
Target Lutech
Sector Information Technology
Buyer(s) Apax
Sellers(s) One Equity Partners
Deal Type Secondary Buyout

Target

Lutech

Cologno Monzese, Italy
Lutech is an IT system integration and solutions provider, designing and enabling digital transformation and innovative enterprise technologies for private and public-sector clients. Among the leading IT system integration and solutions providers in Italy, Lutech is able to deliver a wide span of solutions from strategy definition, product licensing and maintenance, to operational management. The company is recognized for its capabilities in the following domains: next-generation IT infrastructure, cloud solutions, customer engagement solutions, credit, and ePayment solutions, cybersecurity, IoT & Big Data, eHealth solutions, and cognitive computing. Lutech was formed in 2001 and is based in Cologno Monzese, Italy.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 230 of 263
Sector (Information Technology) 24 of 30
Type (Secondary Buyout) 51 of 66
Country (Italy) 7 of 9
Year (2021) 4 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Sandaya

Mauguio, France

Sandaya is an outdoor accommodation group with 11 four- and five-star campgrounds of more than 300 pitches each in France and Spain. Sandaya was founded in 2010 and is based in Mauguio, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 Rodenstock

Munich, Germany

Rodenstock is a manufacturer of ophthalmic lenses and the fourth-largest supplier globally. Rodenstock also has an eyewear division selling its own and third party-branded optical frames. Rodenstock was founded in 1877 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.

DEAL STATS #
Overall 46 of 63
Sector (Information Technology) 10 of 13
Type (Secondary Buyout) 6 of 9
Country (Italy) 2 of 3
Year (2021) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 NuArx

Southfield, Michigan, United States

NuArx, Inc. is a provider of PCI compliance, managed security, and digital transformation solutions for the restaurant, convenience, grocery, and retail industries throughout North America. NuArx was founded in 2016 and is based in Southfield, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-21 Gordian Medical

Irvine, California, United States

Gordian Medical is a provider of advanced wound care, ostomy, urology, and tracheostomy supplies and services. AMT provides both critical care supplies and clinical support services to skilled nursing facilities and other post-acute care settings across the United States. The Company assists healthcare providers in managing the treatment of more than 250,000 wounds annually. Gordian Medical was founded in 1994 and is based in Irvine, California.

Sell -
Mergr

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